NZ dollar falls as RBNZ looms; dairy fall-out continues

Wed, 11 Mar 2015

By Paul McBeth March 11 (BusinessDesk) - The New Zealand dollar fell on speculation Reserve Bank governor Graeme Wheeler may signal further delays to interest rate hikes tomorrow and amid concern a threat to contaminate infant formula may hurt orders for the nation's dairy products. The kiwi dropped to 72.37 US cents at 5pm in Wellington from 72.62 cents at 8am and 72.99 cents yesterday. The trade-weighted index declined to 76.50 from 76.90 yesterday. Traders are pricing in a 4 percent chance Wheeler will cut interest rates tomorr...

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